absolute majority in Nepal’s first-ever multiparty elections 1960: King overthrows government in a military coup & imposes direct rule under single-party Panchayet regime for 30 years. 1990 and 2006: Congress plays a key role in pro-democracy movements of 1990 and 2006. 2007: Following suspension of the monarchy in December 2007‚ president of Nepali Congress G .P. Koirala becomes both head of state and of government. Political Parties Communist Party Since its founding in 1949‚ the communist
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Financial Modelling CHAPTER 3: BUDGETING The difference between a forecast and a budget A business forecast is an estimate of the likely position of a business in the future‚ based on past or present conditions. However‚ a budget is a statement of planned future results which are expected to follow from actions taken by management to change the present circumstances. Budgets as tools for planning and control Planning Managers are responsible for planning and controlling a business for the benefit
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prime location for exporting because it is so close to the Atlantic Ocean. Brazil takes advantage of its location and does export many goods. Brazil’s capital is Brasilia. Brasilia has not always been the capital‚ but after it’s planning and development in 1956‚ it was clear it was the right choice. On April 22‚ 1960 it was officially named the capital of Brazil‚ and has been ever since then. Brasilia and its district are found in the Central-West region of Brazil. It has a population of about 2‚557
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“Budgeting is a key component in management short and long term planning” INTRODUCTION Budgeting (or profit planning) is a process or technique with broad applications in the management of a business‚ school or government agency. The rules apply to not-for-profits‚ as well. The process involves the formation of definite and specific plans or budgets for a limited future period‚ usually the ensuing fiscal or calendar year. These plans‚ which take into account all phases of the budgeted operations
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Chapter 9: Budgeting Discussion Questions 9.1 State the different types of budgets that may be prepared. Different budgets include: sales or fees budget; operating expenses budget; production and inventory budgets; budgeted income; cash budget; budgeted balance sheet; and the capital budget. P9.7 Preparation of receipts from debtors schedule and cash budget Ken Martin‚ manager of Lonnie Car Repairers‚ has requested that you prepare a cash budget for the months of December and
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HUMAN CAPITAL AND IT’S ROLE IN ECONOMIC DEVELOPMENT: 1. Introduction: The modern economists are of the view that natural resources i...e forest minerals‚ climate‚ water power etc. play in important role in the economic development of an country. A country which has abundant natural resources is in position to development more rapidly than a country which is deficient in such resources. They here how ere emphasize that the presence of abundant resources is not a sufficient condition of economic
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sovereign nation operates a federal system of government i.e the federal government‚ state government and the local government councils. Onwo (1992) Observed that each level of the three tiers of government derive its powers not from the magnanimity of the central government but from the constitution; each level of government has defined responsibilities assigned to it by the constitution. The implication of this is that the three segments of governments are mutually interrelated in a unified effort
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Chapter 13 Real Options and Other Topics in Capital Budgeting Learning Objectives After reading this chapter‚ the student should be able to: ◆ Explain why conventional NPV analysis may not capture a project’s impact on the firm’s opportunities. ◆ Identify five different types of real options. ◆ Explain what an abandonment/shutdown option is‚ give an example of a project that includes this type of option‚ and explain what an option value is. ◆ Explain what a decision
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budget is a key management tool for planning‚ monitoring‚ and controlling the finances of a project or organization. It estimates the income and expenditures for a set period of time for the particular project or organization. The main purpose of budgeting system is used for control. Budget has it own essential features‚ which includes policies‚ data‚ documentation and period. A budget id based on the policies needed to fulfill the objectives of the entity. Data is usually expressed in monetary terms
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organization as it offer high level of development? The quality of welfare and training given to the local government personnel has significant impact on their operational efficiency and behavioural integrity. Therefore‚ the government through the Local Government Service Commission should give serious attention to the provision of appropriate and adequate welfare and training of the Local Government personnel. Ojofehinti (1992) stated that the subject of management of human resources in the
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